Yes, all loans are for a maximum of 30 years. You will have to repay some principal every year. The amount you pay every month should remain the same unless there is an interest rate change. You will be given one month’s notice of any interest rate change.
Your minimum mortgage repayments will be processed by direct debit from your chosen bank account. Lump sum or top-up payments can be made at any time without any penalties or break fees. We won't accept payments from credit cards.
The mortgages are for 30 years, and minimum monthly payments include interest and principal. You can pay off your mortgage in full, make top-up payments or switch it to another mortgage provider at any time, without any penalties or break fees. Your ...
The Eligibility Criteria below, will apply to your Loan: As a first home buyer You will use the loan to purchase your first home. You must be a Simplicity KiwiSaver member. We will lend up to 80% of the value of the property you wish to purchase, ...